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2014 (10) TMI 394 - HC - Income TaxPenalty u/s 272B(1) - Failure to comply with the provisions of section 139A Held that:- it cannot be said that, the AO has any discretion in the matter or that the intention of the defaulter has to be gone into for levying penalty - If a failure is disclosed, the penalty is automatic thus, the Court is not convinced that the petitioner's contentions can be sustained Decided against assessee.
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